Topic: Home Financing

Calif. politics has short sellers facing big bills

Californians losing their homes face big tax bills unless Schwarzenegger, lawmakers compromiseWhat should have been a legislative afterthought is threatening to become a financial purgatory for thousands of California taxpayers hit by the housing crisis. With less than a month until tax filings are due, struggling Californians who received mortgage ...
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The Risks Associated With a Home Equity Line of Credit

Definition of TermsTo fully understand what a home equity line of credit or a HELOC is, you need to chunk this into two terms: home equity and line of credit.* Home equity - is the market value of your home less the total amount of debts that are associated with or ...
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When to Start Shopping For Bad Credit Mortgage Loans

In today's credit market, perhaps the most important thing to have is a good, blemish-free credit history. With such a reputation, you can practically get all the loans you want, with enough freedom to negotiate on your terms , such as the mortgage rate - Toronto or elsewhere.But the truth ...
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How to Qualify For 100% Financing

What is 100% financing? What are the stakes involved in this kind of loan?A 100% financing mortgage loan is one that allows you to purchase a home without making a down payment. You ask why this is possible? It's, simple...With a 100% financing mortgage, you are allowed ...
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